Cannizaro Signs on to Algorithmics' Leading-Edge Managed Service Platform

Toronto, Canada - February 15, 2007 -

 Algorithmics, an internationally recognized leader in the development and delivery of enterprise risk solutions, today announced that Cannizaro Capital Partners has joined its Algo Risk Service, the managed service deployment of Algorithmics' Portfolio Construction and Risk Management technology.

Algorithmics will provide Cannizaro, the London- and Hong Kong-based, $300 million Asian multi-strategy fund, with an interactive risk management and portfoliomodelling tool that is fully serviced by Algorithmics' expert risk management team. The use of Algo Risk Service will enhance Cannizaros risk systems, enabling the fund to continue achieving its mandate of producing attractive risk-adjusted returns by limiting the systematic or market risk so often associated with Asian hedge funds.

"Asian markets are both expanding and becoming more complex. Risk systems need to evolve accordingly, and that's why we chose Algo Risk Service," said Stephen Wilson, COO of Cannizaro. "As we build our pan-Asian hedge fund business, Algo Risk Service will do two things for us; firstly, it provides us with a dramatically enhanced set of tools, with which we can effectively and proactively manage our portfolio risk, and secondly, it provides us with useful aggregated output data which we can share with our institutional clients."

"Cannizaro's participation underscores our continued commitment to the fastgrowing hedge fund and boutique asset management sector and we are delighted they have joined our sophisticated yet simple-to-use service," said Dr. Andrew Aziz, Managing Director of Risk Solutions for Algorithmics. "The whole industry is growing up. Dynamic hedge funds such as Cannizaro know that it's critical to offer aggregated risk information for complex instruments to an ever-demanding institutional client base."

About Cannizaro Capital Partners
In September 2006, Cannizaro Capital Partners spun out of the Lionhart Hedge Fund group with the well established Asia Fund and Associated Investment team. The team's flagship product is a $300 million Asia-Pacific, multi-strategy hedge fund with significant investments in Korea, India, Hong Kong, Singapore, and Taiwan - among other Asian territories. Cannizaro operates from offices in both Hong Kong and London.

About Algorithmics
Algorithmics is the world's leading provider of enterprise risk solutions. More than 300 financial institutions rely on Algorithmics' software, analytics and advisory services to make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by one of the largest teams of risk experts in the industry, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group.

About Fitch Group
Fitch Group is the parent company of Fitch Ratings, a leading global rating agency committed to providing the world's credit markets with accurate, timely and prospective credit opinions. Fitch Ratings is dual-headquartered in New York and London, operating offices and joint ventures in more than 50 locations and covering entities in more than 80 countries. Fitch Group is a subsidiary of Fimalac, S.A., an international business support services group listed and headquartered in Paris, France.

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